Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive...
WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company — which at its 2019 peak commanded a...
The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest from Nov. 1 through April 2024, up from the 4.3% annual rate offered since May. Tied to inflation, investors can claim 5.27% for six months...
A cocktail of high mortgage rates and high home prices has driven potential buyers to back out of deals at the highest rate in a year. Monthly pending home sales that fell out of a contract in September notched 16.6%,...
A hot jobs market is continuing to help boost consumer spending. Retail sales rose 0.7% in September from the previous month, more than double Wall Street’s estimates for 0.3% growth, according to new data from the Commerce Department released on...
A group of investors who hold more than $6 billion of bonds issued by ailing Chinese property giant Evergrande said the developer could soon face big trouble that could spill out into the rest of the country’s real estate market. ...
The selloff in Treasuries accelerated, driving yields to new multiyear highs, after an unexpected jump in job openings reinforced speculation that the Federal Reserve isn’t done raising interest rates. The rout sent the 10-year note’s yield up as much as...
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. Hit by a drought of deals and dwindling...
Foreign holdings of U.S. Treasuries rose in July, data from the Treasury Department showed on Monday, rising for a second straight month despite an uncertain interest rate outlook muddied by a mixed set of economic figures. Total holdings of U.S....
The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades. On Wall Street and in Washington, optimism may be building that the Federal Reserve is poised to steer the economy toward a...
For years now, stock traders have been getting so rich betting big companies will get even bigger that they’ve forgotten what a bubble looks like. They’re going to find out thanks to Nvidia Corp. So says Rob Arnott, renowned for...
Gas prices have been climbing again, hitting the highest level since October 2022, according to motor vehicle club AAA. The national average price for a gallon of unleaded gasoline last week reached $3.87, 31 cents higher than last month and...
There's a storm of private and public debt troubles that's headed for the market. Warning signs have sprung up in rising credit card balances, delinquencies, and other indicators. Here are the signs that the US is dealing with troubles stemming...
S&P 500 declines amid calls about near-term pullback US 30-year bond yield rises to highest level since November The rally that drove the stock market up almost 30% from its October lows took a little break at the start of...
Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in the process they’re raising a “red flag” for the S&P 500 Index. When some of the most heavily-shorted stocks in the market...
